Monthly Archives: <span>July 2023</span>

The Complexities of Michigan’s Clean Slate Law and Insurance Compliance

This post is part of a series sponsored by AgentSync. Michigan’s Clean Slate package is now fully in effect. While the laws aim to give dignity to individuals with difficult legal histories, they’ll undoubtedly cause headaches for compliance departments tasked …

Wisconsin Wildfire Consumes Nearly 1,000 Acres, Forces Evacuations

MADISON, Wis. (AP) — A wildfire in central Wisconsin has consumed almost 1000 acres (405 hectares) and forced evacuations of scores of properties. State Department of Natural Resources officials said at a news conference Tuesday that the fire began Monday …

Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us

About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in California than other insurance …

California Insurance Commissioner Issues Workers’ Comp Pure Premium Rate Filing Decision

California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved September 1, 2022 advisory pure premium rates. The Workers’ …

HCA Data Leak Affects 11 Million; Class Action Says 9 Million Hit by Dental Insurer Breach

Nashville-based HCAHealthcare, the largest for-profit operator of hospitals and clinics in the U.S., said that patient information had been leaked to an online forum. The breach leaked data for as many as 11 million patients, making it the largest known …

Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure …

Landslide Tears Apart Luxury Homes on Southern California Peninsula

A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The slide in the Los Angeles County city …

Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

A 6-year-old Florida boy has died after he was attacked by a pit bull-mix dog that lived in the same home. The North Port Police Department said the boy suffered extensive injuries to his upper torso and was flown to …

No Liability Coverage Owed for Investor Losses Caused by Blue Bell’s Listeria Outbreak

A 2015 Listeria outbreak linked to ice cream sold by Blue Bell Creameries hospitalized 10 people and killed three. While those injuries and deaths were certainly “bodily injuries,” a lawsuit filed by investors against Blue Bell’s board of directors for …

Report: Top Emerging Liability Trends in the Professional Services Sector

Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, architects, engineers, solicitors and lawyers and media executives. A new report by Allianz Global Corporate …